5. Serve Notice on Landlord


Your Solicitor will serve Notice on the Landlord proposing the figure you are willing to pay for the lease extension and other terms. This is called a Section 42 Notice.


7. Negotiation


Your Surveyor can negotiate on your behalf to agree the final premium. If the premium cannot be agreed, it can be referred to a tribunal for determination. Your surveyor and solictor can represent you at the tribunal hearing


6. Counter Notice


Your Landlord has to serve a counter notice by the date shown on the notice served on them which cannot be less than two months from receipt. The Landlord can either admit or deny your right to a lease extension and either agree with the figure you have suggested or make a counter offer.


8. Terms agreed


Your Solicitor will document the terms of the lease extension and once the lease has been approved, it will need to be signed by all parties and completed within two months of the terms being agreed, otherwise it will be necessary to make an application to the County Court to secure your right to a new lease.


9.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24